occupancy rate

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Related to occupancy rate: Average daily rate, bed occupancy rate

Occupancy Rate

The number of units in a building with renters, expressed as a percentage of all units. For example, an apartment building with 100 units and 40 resident families has a 40% occupancy rate. It is the opposite of the vacancy rate.

occupancy rate

The ratio of rented property to the total available for rent.It is the flip side of the vacancy rate. Occupancy rates may be calculated by number of units, number of square feet, or by dollar value of rentals, also called the economic occupancy rate.

References in periodicals archive ?
This Eid Al Adha saw a significant increase to last year's 80pc average occupancy rates of five-star hotels.
On the other hand, Tharwat Al-Agamy, Chairman of the Chamber of Tourism Companies in Luxor and Aswan, did not expect an increase in occupancy rates in the two cities during the holiday, adding that the rate in Luxor is only 5%, and that most families would choose seaside cities, whether in South Sinai, the Red Sea, or Alexandria.
Typically, the month of Ramadan sees a dip in hotel occupancy rates as conferences and work in the region slow in pace, Ayman Nasser el-Dine, operations manager at Beirut's Hotel Cavalier, explained.
With regard to the wider Mena region, overall occupancy rates in Amman increased by 16 per cent year-to-date.
Meanwhile, Sundays were the weaker performing day of the week with an occupancy rate of 65%.
During the period January - June 2012, net occupancy rates of bed places in the EU recorded a decrease (-0.
Over the past 40 years, January's average occupancy rate is 65 percent, compared with an average of 79 percent rate in September.
Toronto, Calgary and Ottawa, the occupancy rate at the end of 2005 improved to 95.
The Shrewsbury and Telford Hospital NHS Trust, responsible for the Royal Shrewsbury Hospital and the Princess Royal Hospital in Telford, both in Shropshire, also had an occupancy rate of 95 per cent.
What I find is that, in general, most people tend to over-project when the occupancy rate is going to increase.
But, in fact, our data show that Portland has the lowest occupancy rate of the top 30 MSAs.
The series of bombings from Natal in 2000 and sectarian and communal conflicts and violent demonstrations in Jakarta caused a decline in the occupancy rate of hotels in the capital city.